All Forum Posts by: Devin Meriwether

I'm trying to find the most elite investors in Indianapolis for these 2 projects I have under-contract. One is a pop-top and one is a tear down. If anybody has any investor agents in the area that you can connect me with. I'm really just looking for more insights from someone active in the area. 

Message me details if these are still available!

I Have a property under contract for 50k that is ready to rent out at 800/ month that I planned on wholesaling, but I could get more money if I whole-tail it.

The house is currently worth 70k as-is, doing some curb appeal and the bathroom would make it sell for atleast 85k compared to the comps...

This is my first deal and I really don't have any money or my foot in the water..

I'm looking for advice on Hard money loans and if there's any that would do 100% LTV with no money down for 60k and a return in 90 days.

Is that even a thing?

I know there's sharks ready for me not to pay it back and I'm confident this property will sell within 90 days.

What not to do?

What to do?

I would love to connect with a seasoned developer that could give me some insights about my project idea.

I lived in an apartment this year and my monthly rent was $885 + $125 administrative fees.

There is a perfect leveled landlot available right behind the apartments.

I figured if I could develop a 240 unit complex at 30k each thats $7.2M Project costs.

I could get minimum 90% occupancy all throughout the year with better rent prices!

If you average $850 x 216 units (90% occupancy)

= 2.2M Annual gross rent income + 324k for administrative fees.

I feel like that would pay itself off in less than 10 years and start being a cash cow..

Please any developers give me insights!

@Kelsey Gabhart look into jerry Nortons members flipping mastery program. I've known about wholesaling for 3 weeks and followed his program. I've already got a deal for 10k locked up and expected to close Dec. 21st!

@Micah Haworth I know its pricey but I comp using propstream and redfin. I'm new to wholesaling as well and I just recently got my first deal under contract this morning using those 2 platforms and currently scrambling for cash buyers. I'm hoping to close this first deal. Please reach out if you have any questions

I just got started in wholesaling and have secured a couple contracts with homeowners but I'm having trouble locating cash buyers in my area. The deal is real and good, but I'm not gaining any momentum. Any suggestions?